On Monday, February 22, 2021, the Biden-Harris administration announced changes to the Paycheck Protection Program (PPP) to “provide equitable relief” and increase the availability of the PPP funds to the smallest employers and sole proprietors.
In this article, Stephen Mann, CPA, ABV, and Jarit Loughmiller, CPA/ABV/CFF, ASA, CVA, CFE with Blue & Associates, LLC, have summarized the five changes made to the Paycheck Protection Program.